Promoting Innovation in Developing Countries: a conceptual framework: a review
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Date
2007-03-01
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Central Bank of Nigeria
Abstract
The paper aims at providing a solid conceptual framework for the promotion of innovation in developing countries from which appropriate policies can be developed. The author opines that the growing
interest in innovation promotion particularly technological innovation in developing countries stems from limitations experienced through traditional economic policies encapsulated in neo-liberalization. In the author’s concluding remark, he posits that innovation in a broad sense is something new to a given context and the notion thus becomes generally acceptable to the peculiarities of developing economies from the most basic welfare improvements to the building of vibrant competitive industries. Consequently, the adoption, adaptation and creation of innovation should be engendered in the strengths of technological and institutional capabilities. Furthermore, the facilitation of international
research cooperation and reducing the brain drain processes in developing countries would help to surfeit innovation opportunities.
Description
Keywords
Innovation., Developing Countries.
Citation
Adesanya O. (2007). Promoting Innovation in Developing Countries: a conceptual framework: a review. Economic and Financial Review, 45(1) 85-88.